Compensation Glossary
Welcome to SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
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FICA
Internal Equity
Job Family
Works Council
Quartile
Stock Option Incentive
Mode
Standard Error of Estimate
Mix
Hours of Work
Demotion
Bonus
Salary Grade
Range Penetration
Aging Survey Data
Long-Term Incentive Plan
Consumer Price Index (CPI)
Pay Equity
Foreign Earned Income Exclusion
Benchmark Job
Defined Benefit Plans
Market Based Salary Increase Budget
Linear Regression
Red Circle Rate
Defined Contribution Plans
Range Spread
Percentile
Turnover
Merit Increase
Promotional Increase
Individual Retirement Account (IRA)
Cost of Living
Lump Sum Merit
Minimum Wage
Broadbanding
Median
Black-Scholes Model Z
Pay Range Overlap
Standard Deviation
Year of Service
Salary Structure Change
Green Circle Rate
Annual Incentive
Compensable Factors
Lag the Market
Salary Range
Midpoint Progression
Lead Pay Structure Policy
Compa-Ratio
Range
Coefficient of Determination
Market Pricing
Restricted Stock
Lead-Lag Pay Structure Policy
Step Rates
General Salary Increase
Cost of Labor
Market Index
Mean
Gender Pay Gap
Sales Compensation
Geographic Differential
Total Rewards
Shift Differentials
Job Evaluation
Benchmarking
Pay Grade
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Common Compensation Terms and Formulas - January 2026
Find commonly used compensation terms and formulas for your reference when planning compensation.
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SalaryExpert was launched in 2000 by ERI Economic Research Institute to help organizations and individuals optimize salary planning. Our robust compensation management solution houses the global salary survey data and applications needed to design competitive and effective compensation structures. From benchmarking with reliable market data to analyzing geographic differentials and conducting pay equity analyses, our intelligent platform is an innovative way of merging integral salary survey data with efficient features, all in one system.
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Featured White Paper
Common Compensation Terms and Formulas - January 2026
Find commonly used compensation terms and formulas for your reference when planning compensation.
Ready to Streamline Your Compensation Strategy with Us?
Discover how our Assessor Platform can help you attract top talent, stay on top of market trends, and set your organization up for success, all in one platform.
Try a Free Demo
About Us
SalaryExpert was launched in 2000 by ERI Economic Research Institute to help organizations and individuals optimize salary planning. Our robust compensation management solution houses the global salary survey data and applications needed to design competitive and effective compensation structures. From benchmarking with reliable market data to analyzing geographic differentials and conducting pay equity analyses, our intelligent platform is an innovative way of merging integral salary survey data with efficient features, all in one system.
Learn More